IOG plc’s chief executive officer (CEO) Andrew Hockey intends to retire after nearly five years in the role, and from the board with immediate effect.
TRANSFORMATION
He will remain as an advisor to the board, particularly to support the company’s bids for the 33rd UK offshore licensing round.
Mr Hockey said that it had been a real privilege to serve as CEO since 2018.
“We have made great progress in that time and with IOG now established as a gas producer, it is the right time to pass on the baton.”
Chairman Fiona MacAulay added: “Under Andrew’s leadership since early 2018, IOG has been transformed against considerable odds from an unfunded vehicle with disparate assets into a fully funded UK gas producer.
“I would like to personally thank Andrew on behalf of the board for all his exceptional hard work and tenacity over the years.”